HEDGE AGAINST AB 1482, CALIFORNIA STATE RENT CONTROL. FULLY STABILIZED AT MARKET RENTS. Pleased to present for sale the rare opportunity to acquire a recently renovated and fully stabilized, 16-unit property. This luxury asset is located in one of San Diego’s most lucrative rental markets, University Heights. Constructed in 1956 and renovated in 2018, this property rests on an approximate 14,000 SF lot with 12,240 rentable SF. This property is comprised of two buildings, each on their own separate parcel with 100% two-bedroom / one-bathroom units. No resident manager is required as each 8-unit building has its own APN. These remodeled units include brand new interiors with stainless steel appliances, quartz countertops, and contemporary bathrooms. Exterior renovations include new roofs, signature wood façade, custom designed courtyard and more.